Tag Archives: barack obama
Hedge Funds, Politics, and the Market Crash
American Thinker – There are several culprits in the recent market crash, but one key source of the problem has hitherto escaped attention: an economic index that can be easily manipulated by hedge funds and whose gyrations have shaken the […]
U.S. Senators Propose Hedge Fund Regulation
New York (HedgeCo.Net) – Two senators are pushing for greater regulation of hedge funds, introducing legislation that would call on the U.S. government to oversee them. Michigan Senator Carl Levin, a Democrat, and Iowa Senator Charles Grassley, a Republican, passed […]
Bill in US Senate would regulate hedge funds
International Herald Tribune – Two senior senators have introduced legislation to impose U.S. government oversight on hedge funds. The legislation by Senator Carl Levin, a Democrat of Michigan, and Senator Charles Grassley, a Republican of Iowa, was filed Thursday while the […]
Obama plan clears first hurdle, Asian markets cheer
Reuters – U.S. President Barack Obama‘s $825 billion stimulus plan cleared its first Congressional hurdle as the Federal Reserve eyed more extreme measures to ease credit market strains, boosting Asian stocks despite deep skepticism that a global slowdown can be […]
SEC Commissioner Urges Greater Regulation of Hedge Funds
New York (HedgeCo.Net) – SEC Commissioner Luis Aguilar said his agency should be given the authority to regulate hedge funds after urging Congress “to close the glaring loopholes in securities regulation.” Aguilar, one of the agency’s five commissioners, is among […]
Gates Donates Despite Economic Distress
West Palm Beach (HedgeCo.net) – In a letter scheduled to be released today, January 26th, Bill Gates is offering insight to the world both about the current financial crisis as well as what his foundation has been able to do despite […]
Senate Approves Schapiro as New Head of SEC
New York (HedgeCo.Net) – Mary Schapiro, who most recently was the CEO for the Financial Industry Regulatory Authority, is now the head of the Securities and Exchange Commission. The Senate approved Schapiro yesterday, a month after being nominated President Barack […]
Don’t ask what Obama can do for Wall Street….
Market Watch – No new president in the modern era, save for Franklin Roosevelt, has been handed an opportunity to remake the almost every part of the market. Barack Obama and his administration will decide everything from who lives and […]
Hopes high as Obama takes office
Reuters – Barack Obama takes over as U.S. president on Tuesday with hopes riding high he can conjure up a rescue that will jolt the world’s biggest economy back to life and contain the financial crisis ravaging global markets. The […]
Battered Wall St tops Obama inaugural donors-study
Daily Monitor – Wall Street may be bruised and battered, but it still donated more money than any other U.S. industry to President-elect Barack Obama’s inaugural festivities on Tuesday, a study has found. The Center for Responsive Politics said executives […]
Senate Gives Obama Victory, Allows Distribution of $350 Billion in TARP
New York (HedgeCo.Net) – President-elect Barack Obama has been granted permission to dole out the second half of the $700 billion in the Troubled Asset Relief Program, after a vote of confidence from the Senate. They shot down a resolution […]
Obama’s Treasury to Restrict Dividends, Executive Pay
New York (HedgeCo.Net) – Financial institutions that have received generous assistance from Congress may be forced to restrict executive compensation and their dividends, if Barack Obama and his new Treasury have their way. “Those receiving exceptional assistance will be subject […]
